The stock of Versapay Corp. (CVE:VPY) hit a new 52-week high and has $3.17 target or 138.00% above today’s $1.33 share price. The 5 months bullish chart indicates low risk for the $43.89M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $3.17 price target is reached, the company will be worth $60.57M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 203,650 shares traded hands or 389.85% up from the average. Versapay Corp. (CVE:VPY) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
More notable recent Versapay Corp. (CVE:VPY) news were published by: Marketwired.com which released: “VersaPay Corporation Announces $4 Million Bought-Deal Financing” on April 18, 2016, also Businesswire.com with their article: “Heartland, VersaPay Help Merchants Move to Electronic Invoicing” published on August 13, 2015, Investingnews.com published: “VersaPay CFO David Chan Quits” on February 26, 2016. More interesting news about Versapay Corp. (CVE:VPY) were released by: Stockhouse.com and their article: “StableView Asset Management Acquires Securities of VersaPay Corporation” published on September 30, 2016 as well as Investorideas.com‘s news article titled: “#Technology, #Mining #Stocks and #FoodSciences/ #Hemp Company …” with publication date: July 15, 2016.
VersaPay Corporation is a Canada-based financial technology firm that provides a cloud accounts receivable automation software and integrated payment solutions for businesses. The company has a market cap of $43.89 million. The Firm operates through two divisions: VersaPay Solutions and Point of Sale Merchant Services . It currently has negative earnings. Through its VersaPay Solutions segment, the Company focuses on electronic invoice presentment with its ARC software (ARC) and develops value added payment technologies, such as its PayPort and VersaPay Gateway.
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